Homes for Sale in Santaquin, Utah

Santaquin’s residential market remains lively despite prices lagging the state median. The median closed price of $470,000 is 7.8% lower than Utah’s $510,000, yet the market is moving quickly—properties are selling in just 67 days, 15% faster than the state average, and at virtually list price (99.8% sale‑to‑list ratio). Month‑over‑month price appreciation of 5.3% signals upward pressure, while a robust supply of 144 new listings against 59 recent sales keeps the market from overheating, positioning it in a “warm” temperature zone. Single‑family homes dominate the inventory (85 active, 24 under contract) with a median price of $517,000, whereas townhomes and condos are more affordable at $315,900 but have tighter supply (19 active, 16 under contract). On the macro side, mortgage rates have begun to climb again, rising from 6.13% three months ago to 6.42% this month, reversing a brief dip and nudging borrowing costs upward. Unemployment remains stable—Utah’s rate holds at 3.6% and the national rate at 4.4%—while consumer sentiment and housing‑starts indices have stayed steady or improved, supporting buyer confidence. Recent statewide coverage notes that mortgage rates are still near a three‑year low, but the current upward trend aligns with Santaquin’s modest price gains and brisk sales pace, suggesting a balanced yet slightly warm market for prospective homebuyers.